EFG Asset Management North America Corp. Acquires 9,772 Shares of The AZEK Company Inc. (NYSE:AZEK)

EFG Asset Management North America Corp. boosted its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,136 shares of the company’s stock after purchasing an additional 9,772 shares during the quarter. EFG Asset Management North America Corp.’s holdings in AZEK were worth $2,238,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AZEK by 105.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. State Street Corp lifted its holdings in shares of AZEK by 1.9% during the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after buying an additional 45,774 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of AZEK by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company’s stock valued at $93,564,000 after acquiring an additional 90,206 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in shares of AZEK in the third quarter valued at about $3,253,000. Finally, Stifel Financial Corp raised its stake in AZEK by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 22,481 shares of the company’s stock worth $1,052,000 after purchasing an additional 4,454 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

AZEK Price Performance

AZEK stock opened at $48.92 on Wednesday. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 49.41, a P/E/G ratio of 1.91 and a beta of 1.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The company has a 50 day simple moving average of $47.42 and a 200 day simple moving average of $47.28. The AZEK Company Inc. has a 1 year low of $35.48 and a 1 year high of $54.91.

AZEK (NYSE:AZEK) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Research analysts anticipate that The AZEK Company Inc. will post 1.34 EPS for the current fiscal year.

Insider Buying and Selling at AZEK

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $50.08, for a total transaction of $1,020,980.96. Following the sale, the chief executive officer now directly owns 883,765 shares of the company’s stock, valued at $44,258,951.20. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 55,000 shares of company stock worth $2,518,624. 3.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on AZEK shares. Stephens reaffirmed an “equal weight” rating and set a $58.00 target price on shares of AZEK in a report on Monday. Royal Bank of Canada raised their price objective on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their target price on AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Baird R W cut AZEK from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays upped their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.32.

AZEK Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.